Fintech Startup Money View Raises Investment in Series D Round

Money View, a Bengaluru-based fintech startup run by Whizdm Innovations Pvt Ltd, has secured $75 million (about 576 crores) in its series D round of fundraising, valuing the firm at $625 million.

Winter Capital and Evolvence India, both located in Moscow, have joined as new investors in this round. Tiger Global and Accel, two of the company’s current investors, took part in this round.

Money View is a major online credit platform co-founded by Puneet Agarwal and Sanjay Aggarwal that offers a comprehensive suite of tailored credit products such as fast personal loans, cards, BNPL, and personal financial management tools. To provide credit/financial products on its platform, the business has collaborated with over 15 financial institutions.

Whizdm Innovations Pvt Ltd, the firm’s parent company, claims to have over 1 million monthly App downloads and to serve over 200 million underserved clients.

Because of the startup’s solid digital infrastructure and seamless user experience, it can reach 75 percent of people in Tier 2/3 cities throughout India. The company’s patented data algorithms give a 360-degree risk assessment, allowing underserved areas to obtain financing.

Money View is stated to have increased fourfold year over year, with solid unit economics and a profitable track record. The organization is disbursing loans at a $700 million annualized run rate and is on track to exceed $1 billion in assets under management in the next 12 months.